NEW YORK, May 10, 2018 (GLOBE NEWSWIRE) -- via OTC PR WIRE--HempAmericana, Inc. (OTC:HMPQ) (“HempAmericana” or the “Company”) is excited to announce that it has acquired 4,000 lbs of high-quality Hemp Flower for processing at its new fully operational state-of-the-art CBD Oil extraction and production facility in Augusta, Maine. The Company expects the revenue in excess of $1mm from the 4k lbs.
Management now anticipates an imminent commencement of production activity. The company plans to use this initial 4,000 lbs of high-quality Hemp Flower as its initial production run for the Vitalis RL-245 high-capacity supercritical CO2 CBD Oil extraction machine (installed at the facility in April). The principal output will be CBD Isolate (cannabidiol in its purest form possible).
The CBD isolate extraction process begins with the production of a botanical concentrate comprised of elements including the base cannabinoid foundation, along with other ingredients including lipids and organics from the hemp plant. The next step is to further purify this compound to remove essentially everything but the CBD through a proprietary process. The result is an isolate powder comprised of 99% pure Cannabidiol.
HempAmericana CEO, Salvador Rosillo, commented, “We are very grateful to our committed team and stakeholders for their support, patience, and vision over the past year. With the installation of key capital equipment at the Augusta facility and our new acquisition of top-tier hemp flower input for production activity, we are finally ready to do what we came here to do: make high quality CBD product for entry into this growing market, make it efficiently, and establish a high standard for a market that is still in its early stage of development.”
The Company is currently in late stage negations to secure an ample supply of follow-on product of blue-chip hemp flower for late 2018 production, as noted in its release of April 23, 2018.
About HempAmericana, Inc.
HempAmericana is currently in the rolling paper and CBD oil business using the brand name Weed Got Oil. Search Rolling Thunders hemp papers on YouTube for a product demonstration of the Company's papers. The company owns an extraction machine and now plans to become a leader in the CBD oil market by establishing three laboratories for the extraction and research of the oils contained in the hemp plant. HempAmericana also researches, develops and sells products mad of industrial hemp. See more at http://www.HempAmericana.net.
Safe Harbor Provision Cautionary statement for purposes of the "Safe Harbor" provisions of the Private Securities Litigation Reform Act of 1995: Information in this news release contains forward-looking statements that involve risks, uncertainties and assumptions. If such risks or uncertainties materialize or such assumptions prove incorrect, the results of the Company and its consolidated subsidiaries could differ materially from those expressed or implied by such forward-looking statements and assumptions. All statements other than statements of historical fact are statements that could be deemed forward-looking statements. Risks, uncertainties and assumptions include the execution and performance of contracts by the Company and its customers, suppliers and partners. Please also review Hemp Americana annual and quarterly financials for a more complete discussion of risk factors. The Company disclaims any obligation to update or revise statements contained in this news release based on new information or otherwise. This communication shall not constitute an offer to sell or the solicitation of an offer to buy securities nor shall there be any sale of these securities in any state in which such solicitation or sale would be unlawful prior to registration or qualification of these securities under the laws of any such state.
Contact:
HempAmericana.net
Salvador Rosillo
HempAmericana, Inc.
Phone: (888) 977-7985